NZ building work expands for 6th quarter, spurred by biggest residential spurt in a decade

NZ building work expands for 6th quarter, spurred by biggest residential spurt in a decade
By Paul McBeth June 5 (BusinessDesk) - New Zealand’s building work grew for a sixth quarter in the first three months of the year, spurred by the biggest expansion in residential construction in more than a decade. The volume of building work put in place rose a seasonally adjusted 5.8 percent to $2.02 billion in the three months ended March 31, accelerating from a pace of 2 percent in the December quarter, according to Statistics New Zealand. That’s the highest quarterly volume since September 2008. The growth was underpinned by a 12 perc...